NFA extended CPO and CTA reporting deadlines, consistent with the time periods set forth in the CFTC relief, with respect to:
NFA Compliance Rule 2-46, to extend the due date for (i) CPOs to file the December 31, 2019 NFA Form PQR until May 15, 2020 and the Q1 2020 NFA Form PQR until July 15, 2020, and (ii) CTAs to file NFA Form PR for Q1 2020 until June 30, 2020; and
NFA Compliance Rule 2-13, to permit CPOs to (i) file pool annual reports, and (ii) provide periodic account statements to pool participants, in accordance with the time periods set forth in the CFTC relief.
The CFTC Division of Swap Dealer and Intermediary Oversight issued no-action relief to provide CFTC-registered CPOs with additional time to comply with reporting requirements in light of the challenges posed by COVID-19.
NFA issued relief from certain recordkeeping requirements to futures commission merchants / introducing brokers, swap dealers and forex dealer members.
The CFTC Division of Market Oversight and Division of Swap Dealer and Intermediary Oversight issued a series of no-action letters to registrants as COVID-19 continues to pose compliance challenges.
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